U.K. Inflation Quickens on Record Air-Fare Increase for May

U.K. inflation accelerated more than economists forecast in May as a record jump in air fares for the month helped extend its persistence above the Bank of England’s 2 percent target.

Consumer prices rose 2.7 percent from a year earlier, compared with 2.4 percent in April, the Office for National Statistics said in London today. The median forecast of 36 economists in a Bloomberg News survey was for 2.6 percent. On the month, prices increased 0.2 percent.